Foguth Wealth Management LLC. grew its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI – Free Report) by 366.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 919,518 shares of the company’s stock after purchasing an additional 722,490 shares during the quarter. JPMorgan Equity Premium Income ETF makes up approximately 6.4% of Foguth Wealth Management LLC.’s holdings, making the stock its 2nd biggest holding. Foguth Wealth Management LLC. owned about 0.12% of JPMorgan Equity Premium Income ETF worth $51,530,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of JEPI. Morgan Stanley grew its holdings in JPMorgan Equity Premium Income ETF by 0.6% during the 4th quarter. Morgan Stanley now owns 47,234,309 shares of the company’s stock worth $2,703,692,000 after acquiring an additional 261,872 shares during the period. Bank of America Corp DE boosted its position in shares of JPMorgan Equity Premium Income ETF by 2.1% in the 2nd quarter. Bank of America Corp DE now owns 33,372,182 shares of the company’s stock worth $1,897,209,000 after purchasing an additional 690,960 shares during the last quarter. Royal Bank of Canada boosted its position in shares of JPMorgan Equity Premium Income ETF by 5.7% in the 1st quarter. Royal Bank of Canada now owns 8,366,269 shares of the company’s stock worth $474,201,000 after purchasing an additional 449,485 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of JPMorgan Equity Premium Income ETF by 11.4% in the 4th quarter. Raymond James Financial Inc. now owns 8,099,270 shares of the company’s stock worth $463,602,000 after purchasing an additional 825,889 shares during the last quarter. Finally, Nationwide Fund Advisors grew its stake in shares of JPMorgan Equity Premium Income ETF by 0.7% during the fourth quarter. Nationwide Fund Advisors now owns 7,089,908 shares of the company’s stock worth $405,826,000 after purchasing an additional 51,190 shares during the period.
JPMorgan Equity Premium Income ETF Trading Up 0.3%
NYSEARCA JEPI opened at $57.43 on Friday. The company has a market capitalization of $45.77 billion, a PE ratio of 23.93 and a beta of 0.54. The stock has a 50-day simple moving average of $56.33 and a 200 day simple moving average of $57.22. JPMorgan Equity Premium Income ETF has a 12 month low of $55.10 and a 12 month high of $59.90.
About JPMorgan Equity Premium Income ETF
The JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income. JEPI was launched on May 20, 2020 and is managed by JPMorgan.
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